Category: Taxes
US federal tax basics, deductions, credits and ways to keep more of your money.
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How to Reduce Your Taxable Income Legally: 9 Strategies
Nine legal ways to reduce your taxable income: retirement accounts, HSAs, credits, deductions, charitable giving and smart timing.
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The Child Tax Credit Explained: Who Qualifies and How Much
The Child Tax Credit explained: who qualifies, how much it is worth, income phase-outs, refundable portion and how to claim it correctly.
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IRS Payment Plans: What to Do If You Can’t Pay Your Tax Bill
Can’t pay your tax bill? Learn about IRS payment plans, short-term extensions, penalties, offers in compromise and how to apply step by…
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How Capital Gains Tax Works on Stocks, Real Estate and More
How capital gains tax works: short-term vs. long-term rates, the 0/15/20 percent brackets, home sale exclusion, losses and ways to reduce the…
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Tax Deductions for the Self-Employed: A Practical Checklist
A practical checklist of tax deductions for freelancers and the self-employed, including home office, mileage, health insurance and retirement.
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Standard Deduction vs. Itemizing: Which Saves You More?
Standard deduction or itemized deductions? Learn how each works, what counts, how to compare them and when itemizing saves more.
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How to File Your Taxes for the First Time: A Plain-English Guide
A plain-English guide to filing taxes for the first time: forms, filing status, deadlines, credits, free filing options and common mistakes.